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Construction Paints and Coatings Market (Product - Powder Coating, Solvent-borne Technologies, High Solids/Radiation Cure, Water-borne Coating, and Others; Application - Medical & Healthcare, Residential, Automotive & Aviation, Commercial, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Construction Paints and Coatings Market (Product - Powder Coating, Solvent-borne Technologies, High Solids/Radiation Cure, Water-borne Coating, and Others; Application - Medical & Healthcare, Residential, Automotive & Aviation, Commercial, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: CM072 Category: Chemicals & Materials Published: July, 2022

A recent report published by Infinium Global Research on the construction paints and coatings market provides an in-depth analysis of segments and sub-segments in the global as well as regional construction paints and coatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional construction paints and coatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global construction paints and coatings market. According to the report, the global construction paints and coatings market is projected to grow at a CAGR of 4% over the forecast period of 2022-2028.

Market Insight

The Global Construction Paints and Coatings Market was valued at more than USD 50 Billion in 2022 and is expected to reach over USD 65 Billion in 2028, with a CAGR of 4% during the forecast period. Construction Paints and coatings are varnish and paint materials including liquid and powder. This paint material is generally used in buildings and construction to protect and decorate surfaces. It enhances the resistance of several surfaces and protects the surface from weathering and rust. It has architectural applications including, building panels, commercial windows, curtain walls, etc. It is also used in the automotive, and aviation sectors. This coating makes the surface more durable and enhances architectural beauty. Increasing decoration and renovation activities will globally propel the growth of the construction paints and coatings market during the forecast period. Moreover, the rapidly expanding commercial and industrial sector is also one of the growth factors for the market.

Construction Paints and Coatings Market



The global construction paints and coatings market is primarily driven by factors including the high demand for efficient paints and rising activities in infrastructure and civil construction. Moreover, rising new construction projects and increasing demand for repainting across the globe are expected to fuel market growth in the near future. Moreover, drastically growing urbanization along with the rising disposable income of consumers is projected to propel the demand within the forecast period. Increasing high-quality coating and color paints in the residential sector will increase the demand for paint and coating products. However, stringent regulations by various countries' governments of environmental protection owing to that there are very less number approved chemicals present are expected to hinder the demand for the global construction paints and coatings market. Nonetheless, the increasing practice of green buildings and products including green coating, Nano-coatings, etc. is anticipated to create a new opportunity for the global construction paints and coatings market.   

The outbreak of the covid-19 pandemic has negatively affected the expansion of the market during the forecast period. As per the economists, the Chinese economy is probably going to be hit further by reduced global demand for its products because of the effect of the outbreak on economies around the world. Because of pandemic escalates, the expansion rate will fall sharply against the backdrop of volatile markets and growing credit stress. Restrictions on movement in Europe and also the US are putting a severe dent in economic activity. India and Southeast Asian countries also are facing major disruptions in their economies. Because of this factor, the expansion of the market is restrained during the covid-19 pandemic within the forecast period.

Based on the region, the worldwide construction paints and coatings market is segmented into the Asia Pacific, North America, Europe, and also the Middle East & Africa. Among the regions, North America is the largest region in the construction paints and coatings market because of the increasing consumption of electronic vehicles and products. While reduced risks and low costs are projected to play a major role in propelling the demand in the residential sector in Germany. Furthermore, the development of advanced civil infrastructure is anticipated to fuel the construction sector in other European regions such as France, Italy, and Turkey. Furthermore, increasing investment construction industry due to the presence of a high population and development in the health care system is expected to dominate the growth of the Asia Pacific region during the forecast period.

Segment Covered

The report on the global construction paints and coatings market covers segments such as product and application. On the basis of product, the sub-markets include powder coating, solvent-borne technologies, high solids/radiation cure, water-borne coating, and others. On the basis of application, the sub-markets include medical & healthcare, residential, automotive & aviation, commercial, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, Asian Paints, RPM International Inc., Axalta Coatings System, Helios Group, Tikkurila Oyj, DuPont Performance Coatings, PPG Industries, Sherwin-Williams Company, and AkzoNobel N.V.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the construction paints and coatings market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.


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